Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and […]
Last week the BP Statistical Review of World Energy 2022 was released, covering energy data through 2021. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. It is […]
Last week, BP released its annual Statistical Review of World Energy and the report shows, yet again, that electricity is the world’s most important and fastest-growing form of energy. In 2021, global electricity generation grew by a […]
Responding to record-high US gasoline and diesel prices, President Joe Biden has asked US refiners for their assistance in adding refining capacity to increase supply of gasoline and diesel. “I understand that many factors contributed […]
June 13 (Reuters) – Cenovus Energy Inc (CVE.TO) said on Monday it would buy British oil major BP Plc’s (BP.L) 50% stake in the Sunrise oil sands project in northern Alberta, as the Canadian energy company strengthens its position […]
Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum Company and France’s Total and officials from the French ministries of economy and energy. He […]
Shell has slammed the government’s windfall tax, saying while it “understands the worry for million” about the cost of living it will creates “uncertainty” about investment. This follows Chancellor Rishi Sunak announcing a so-called Energy […]
BP, ConocoPhillips get more investor support over climate Upcoming AGMs from ExxonMobil, Shell, Chevron in focus Some investors more supportive of company climate plans BOSTON/LONDON, May 13 (Reuters) – Big Oil has enjoyed an easier […]
(Bloomberg) — Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. The prime minister told […]
Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up […]
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